An online Beatles fan club for and about Beatle fans
I think that I have a photo of the four Monkees also holding this same statue when they visited England in 1967. Maybe it was an award presented to groups that year from some magazine? (MarkZapp)
It's a "Golden Otto Award" presented to artists by the German magazine "Bravo"https://en.wikipedia.org/wiki/Bravo_Otto
That is what I orignially thought it was, but when I took a 2nd look, I realized that the Bravo award looks like an "Indian" boy (as in Native American). This looks like a funny bald head man.